KUALA LUMPUR: Zecon Bhd has entered into a strategic collaboration agreement with Pelaburan Hartanah Bhd (PHB), Sarawak Digital Economy Corporation Bhd (SDEC) and Global Network Inc (GNI) to develop and invest in projects at Kota Petra Green Technology Park in Sarawak.
In a filing with Bursa Malaysia Securities, Zecon said the parties agreed to explore further possibilities at the technology park by developing any of the properties belonging to each company and the third party at the park.
"In the event the parties have come to a consensus and agree to proceed with a particular purpose and/or project, and it shall be recorded by separate definitive agreement(s) which include amongst others, roles and responsibilities of the parties, transaction amount payable by the respective party and specific purpose of the development," it said.
PHB will not enter into direct negotiation and/or investment arrangement with any of the industrial investors in the technology park, unless with prior written consent of ZECON, SDEC and GNI.
Zecon's share price stood unchanged at 47 sen at midday with a market value of RM69.55 million.